Member News
Dominium Hosts Grand Re-Opening of Castlewood Apartments in Davenport, Iowa
Dominium, a Minneapolis-based leading apartment owner, developer and manager, announced today the grand re-opening of Castlewood apartments in Davenport, Iowa on May 21st. The re-opening ceremony celebrates the development’s first renovation since it was constructed in 1980.
Senior Housing Community On Nantucket Will Be Renovated, Have Affordability Extended For Perpetuity With $1.5 Million in MassHousing Financing
MassHousing has provided $1.5 million in financing to an affiliate of HallKeen Management. The MassHousing funding will enable HallKeen Management to make renovations to Academy Hill, a 27-unit mixed-income housing community for senior citizens on Nantucket, and to preserve affordability at Academy Hill’s affordable units for perpetuity.
Regions Bank Integrates Community Investment Capital and Syndication Businesses into Combined Regions Affordable Housing Division
Regions Community Investment Capital and Regions First Sterling (formerly First Sterling) have combined to become Regions Affordable Housing, a national Low Income Housing Tax Credit (LIHTC) syndication firm and leader in affordable housing.
Related Companies Acquires $590 Million Housing Portfolio
The 51 property portfolio spans 16 states and accounts for 7,837 units of affordable housing.
RBCCM’s Tax Credit Equity Group Closes on $158,415,511 RBC Tax Credit Equity National Fund-27
The Fund represents the first launch and closing of a multi-investor, multi-property national fund post-tax reform for TCEG and speaks to the strength of investor confidence in RBCCM’s tax credit equity syndication platform in uncertain market conditions.
Cinnaire Awarded $4.15 Million in Capital Magnet Fund Grants
Cinnaire was recently awarded $4.15 million in grants from the U.S. Department of Treasury’s Community Development Financial Institutions (CDFI) Capital Magnet Fund. The grants will be used to support affordable housing and community development throughout Cinnaire’s footprint.
Bank of America Merrill Lynch Community Development Banking Provided Record-Setting $4.53 Billion in Lending and Investing in 2017
Bank of America Merrill Lynch Community Development Banking (CDB) had a record-setting year in 2017, providing $4.53 billion in loans, tax credit equity investments and other real estate development solutions.
Pennrose Celebrates Residence at Roosevelt Park Grand Opening
The historic renovation of the original 1937 Roosevelt Hospital brings 84 units of affordable, independent senior housing to Middlesex County.
Bob Ibanez to Join Novogradac as Senior Manager
Ibanez, previously the CDFI Fund’s New Markets Tax Credit (NMTC) program manager and Bank Enterprise Awards program manager, will work with Novogradac’s public policy group in Washington, D.C.
Tidwell Group Welcomes New Partner and Leader of Austin Based Consulting Group
Tidwell Group announced last week that Quinn Gormley has joined Tidwell Group as a partner, and as a leader in our Austin based consulting group. Quinn will prove to be a valuable asset as the firm continues to grow its consulting services.
NH&RA Members Top AHF Top 50 Developers of 2017
NH&RA is proud to report that 23 of the listed organizations are NH&RA member firms, including 7 of the top 10.
Members MassHousing, POAH Close on $49.3 Million in Financing for the Ongoing First Phase of the Whittier Choice Neighborhoods Initiative in Roxbury
The MassHousing financing will advance the phased demolition and redevelopment of the Boston Housing Authority’s 200-unit Whittier Street Apartments in Roxbury.